Flagstone Financial Management Has $202,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Flagstone Financial Management trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,224 shares of the company’s stock after selling 74 shares during the quarter. Flagstone Financial Management’s holdings in PepsiCo were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Everhart Financial Group Inc. increased its position in PepsiCo by 17.9% during the second quarter. Everhart Financial Group Inc. now owns 7,615 shares of the company’s stock worth $1,256,000 after buying an additional 1,154 shares during the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of PepsiCo by 5.3% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 9,994 shares of the company’s stock valued at $1,648,000 after acquiring an additional 506 shares during the last quarter. Catalina Capital Group LLC raised its stake in shares of PepsiCo by 23.2% in the 2nd quarter. Catalina Capital Group LLC now owns 4,472 shares of the company’s stock valued at $738,000 after acquiring an additional 843 shares in the last quarter. Spinnaker Investment Group LLC lifted its holdings in PepsiCo by 2.6% in the 2nd quarter. Spinnaker Investment Group LLC now owns 3,177 shares of the company’s stock worth $524,000 after purchasing an additional 82 shares during the last quarter. Finally, Secure Asset Management LLC grew its holdings in PepsiCo by 8.7% during the second quarter. Secure Asset Management LLC now owns 1,694 shares of the company’s stock valued at $279,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.13 during midday trading on Friday, reaching $175.87. The company’s stock had a trading volume of 5,040,153 shares, compared to its average volume of 5,466,141. The business’s fifty day simple moving average is $169.18 and its 200-day simple moving average is $170.69. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The company has a market capitalization of $241.57 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio is currently 78.66%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PEP shares. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Barclays upped their price target on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. TD Cowen dropped their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. Finally, Bank of America dropped their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $185.53.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.